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BIG DEAL: NRW and Rio Tinto's agreement covers earthworks for Rio's expansion program over the next five years.

NRW signs Rio Tinto earthworks deal

Rio Tinto has named Perth-based mining contractor NRW Holdings as its preferred earthmover for the next five years for the expansion of its Pilbara iron ore operations to 333 million tonnes per year.

NRW said in a statement that it had entered an earthworks framework agreement with Rio, which covers two streams of earthworks, Port and Western Pilbara, consisting of project-specific contracts for Rio's 333Mtpa expansion program.

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NRW Holdings (NWH)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/12/16

1 year TSR5 year TSR
17thNRW Holdings674%-20%
220thEmeco Holdings65%-40%
236thFleetwood Corporation58%-29%
465thTFS Corporation7%24%
484thDecmil Group4%-7%
682 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

12/09/16
$26k Bought
26/08/16
$32k Bought
26/08/16
$32k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

20th↑TFS Corporation$306.0m
21st↓Decmil Group$299.8m
22nd↓NRW Holdings$288.0m
23rd↑Emeco Holdings$287.0m
24th↓Fleetwood Corporation$287.0m
210 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from NRW Holdings

98thAndrew Walsh$903k
438thKim Hyman$362k
618thMike Gloyn$272k
Ranked by total remuneration from all listed WA companies

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